I was referred a lawyer who has given a fee estimate £1350 for no sale no fee conveyancing in Euston. I’m hoping to downsize from a Georgian house for £200,000. Is this too much? Is it above what I should be paying for conveyancing in Euston?

The costs illustration is slightly on the high side. If you shop around you may be able to shave off some of the expense by perhaps a hundred pounds. That being said, you couldlive to regret opting for an an unknown lawyer. If is important to enquire that the firm can act for your lender. You can utilise our search tool to get a quote a Euston conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Euston.

We see that you have a search directory listing firms on the HSBC conveyancing panel. Do firms pay you a referral fee if I appoint them for our conveyancing in Euston?

We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Euston.

we are a couple who are hoping to buy a purpose built flat in Euston with a loan from Britannia.We like our Euston conveyancing lawyer but Britannia informed us his firm is not on their "panel". we are left little option but to use a Britannia panel lawyer or keep our preferred solicitor and fork out for one of their panel ones to act for them. This seems very unfair; is there anything we can do?

Unfortunately,no. The mortgage issued to you is subject to its terms and conditions, one of which will be that conveyancers will be on the Britannia approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Britannia

How does conveyancing in Euston differ for new build properties?

Most buyers of new build property in Euston contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because new home sellers in Euston tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Euston or who has acted in the same development.

I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have subsequently been informed that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Euston. Conveyancing lawyers have are about to be appointed. Will they explain the issues?

Most houses in Euston are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Euston so you should seriously consider shopping around for a Euston conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’sconsent to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is located on an estate. Your lawyer will appraise you on the various issues.

Euston Leasehold Conveyancing - Examples of Queries Prior to buying

How many years remain on the lease? Is the freehold reversion owned jointly by the tenants? If a Euston lease has no more than 80 years it will affect the marketability of the property. Check with your mortgage company that they are happy with remaining years on the lease. Leases with less than 80 years remaining means that you will probably have to extend the lease sooner rather than later and it is worth finding out what this will be. For most Eustonlease extensions you will need to own the residence for 24 months in order to be eligible to extend the lease.